United States · Bill · HR
H.R. 420 (106th)
Social Security Surplus Protection Act of 1999
Introduced
19 January 1999
Last action
15 December 2000 · Introduced
Status
Rereferred to the House Committee on the Budget.
Sponsors
Rep. Smith, Nick [R-MI-7], Rep. McIntosh, David M. [R-IN-2], Rep. Sanford, Mark [R-SC-1]
Subjects
Taxation, Budget
Source updated
20 August 2025
Summary
Social Security Surplus Protection Act of 1999 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require, after any sequestration of budget-year budgetary resources under discretionary spending limit or pay-as-you-go enforcement provisions, a sequestration equivalent to the estimated net surplus in the social security trust funds (Federal Old-Age and Survivors and Disability Insurance Trust Funds) for the budget year as estimated by the Secretary of the Treasury in order to reduce the public debt. Includes information on sequestration to reduce the public debt in reports issued by the Office of Management and Budget and the Congressional Budget Office. Applies this Act's amendments, beginning in FY 1999, and ceases its effectiveness after the earlier of: (1) the first fiscal year during which there is no public debt; or (2) the fiscal year during which there is enacted legislation which is determined, under Government budgeting and scoring principles, to keep social security solvent.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
19 January 1999
Introduced
Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
19 January 1999
Introduced
Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
19 January 1999
Introduced
Introduced in House
Source: IntroReferral
19 January 1999
Introduced
Introduced in House
Source: IntroReferral
2 February 1999
Referred
Referred to the Subcommittee on Social Security.
Source: Committee
9 March 1999
Introduced
Sponsor introductory remarks on measure. (CR H1027)
Source: IntroReferral
31 October 2000
Introduced
Sponsor introductory remarks on measure. (CR H11710-11714)
Source: IntroReferral
15 December 2000
Introduced
Rereferred to the House Committee on the Budget.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 19 January 1999 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 19 January 1999
Introduced in House (PDF)
Introduced in House · EN · 19 January 1999
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Introduced in House
summary · EN · 19 January 1999
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Sponsors
- Rep. Smith, Nick [R-MI-7] · R · Sponsor
- Rep. McIntosh, David M. [R-IN-2] · R · Cosponsor
- Rep. Sanford, Mark [R-SC-1] · R · Cosponsor
- · hsbu00 · Standing
- · hswm00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/106th-congress/house-bill/420
- Open data entity: https://api.congress.gov/v3/bill/106/hr/420
- us · 106-hr-420 · source updated 20 August 2025